State Street Corporation is a leading global financial services provider headquartered in Boston, Massachusetts. It offers a broad range of services, including investment servicing, investment management, and data and analytics solutions, catering to institutional investors worldwide. State Stress is renowned for its expertise in managing complex financial operations, supporting clients such as asset managers, insurance companies, and pension funds. The company is committed to innovation, leveraging advanced technology to deliver cutting-edge solutions in risk management, compliance and efficiency.
You will be part of the Centralized Modeling, Analytics & Operations group within Enterprise Risk Management's Financial Risk organization, responsible for driving State Street's international capital management efforts including: capital planning, capital adequacy analytics and reporting, Stress Testing and end-to-end program management for the global Legal Entities' internal capital and liquidity adequacy and risk assessments. You will collaborate closely with key stakeholders across the organization, including Finance, Enterprise Risk Management, Global Treasury, Audit, Business Controls, Business and senior management.
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Who we are looking for
This is an finance analytical / quantitative leadership position in State Street's CMAO team within ERM. Candidates need to have a strong understanding of quantitative finance and statistics as well as robust finance, business strategy and project management skills. The successful candidate will be responsible for leading key capital-related initiatives including stress testing, capital adequacy and regulatory document / analytical submissions working in conjunction with Finance, Enterprise Risk Management, Compliance and Business.
What you will be responsible for:
- Key contributor to State Street's global (key responsibilities include Canadian legal entity) capital management driving capital adequacy analytics, reporting, strategic planning and policies and procedures.
- Leadership of the process, analytics and governance of the global legal entities capital adequacy and liquidity assessment (including the Internal Capital Adequacy Assessment Process (ICAAP) and Internal Capital Adequacy and Risk Assessment (ICARA)) including scenario stress testing, risk quantification, capital planning, capital dividend considerations, policies, controls and document / presentation update and approval with key lead responsibilities for the Canadian legal entities.
- Proactively direct the project management planning for the team's key deliverables working with Risk Management, Finance, Capital and Liquidity Management and business leads.
- Proactively drive value-add enhancements to the analytics, project management, reporting, regulatory requirements and quality assurance of the international capital risk assessments collaborating with Risk Management analytics team and management.
- Support requests from Audit, Model Validation Group, local regulators and other oversight teams to drive effective risk management
- Prepare ad-hoc analyses as requested by senior management, with the ability to translate detailed information into concise, actionable items.
What we value:
- Extensive experience in a leadership role within the financial services sector, capital planning and/or risk management preferred
- Accounting / Finance knowledge (i.e. terminology and accounting rules)
- Knowledge of capital and liquidity management and regulatory requirements;
- Understanding State Street's business and financial systems preferred
- Very strong project management and analytical skills; able to quickly structure an approach to address new challenges; and, experience managing multiple, complex projects simultaneously
- Critical Thinking: leverage data analytics, and insights to generate meaningful financial strategies and solutions
- Excellent influencing and managerial skills; able to influence senior management by articulating and defending a point of view
- Proven interpersonal skills at all levels of a large and complex global organization; demonstrated success at building relationships and collaborating across organizational boundaries
- Strong oral and written communication skills; comfortable making presentations to executives and large groups of professionals
- Highly proficient with MS Office Suite (advanced Excel analysis skills (i.e., Vlookup, Pivot Tables, Powerpoint)
- Good communication skills
- Very good knowledge of English
Education & Preferred Qualifications
- Degree in Finance, Accounting, Business (or related degree with strong professional experience), Master's degree preferred
- 6+ years of experience in financial services / quantitative analytics and modelling required
- 6+ years of experience in capital management (ICAAP / ICARA / capital adequacy / risk modelling) preferred
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